New Bill to Reveal Owners of Icelandic Banks

News

New Bill to Reveal Owners of Icelandic Banks

If a new bill on the legal environment of financial companies in Iceland will be accepted, all beneficiary owners who hold more than one percent in such companies must be listed in financial statements.

steingrimurjsigfusson_pk
Steingrímur J. Sigfússon. Photo by Páll Kjartansson.

Minister of Industries and Innovation Steingrímur J. Sigfússon told Fréttablaðið [23.11.12] it is very important that such information is clearly stated.

“This particularly applies to those who hold, or are about to acquire, ruling share in financial companies,” the minister added. “We are currently reviewing the laws on financial companies and are finalizing a bill on amendments to them.”

ESA